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The benefits of sustainably managed wild fisheries, which support food and nutritional security, livelihoods, and cultures, are being undermined by government payments that incentivise overcapacity and lead to overfishing, biodiversity degradation and loss, and CO2 emissions, the scientists argue

Global fish catches are fluctuating near the highest levels ever reported, while the fraction of fish stocks that are sustainable has never been lower. Nevertheless, governments spent US$22 billion of public money on harmful fisheries subsidies in 2018.